New Jersey § 17:9a-135

§ 17:9a-135.

A. When all the parties to a merger were organized prior to the effective date of

this act, 1 the capital stock of the receiving bank after merger shall be not less than an amount

equal to the sum of the following: one hundred thousand dollars for each qualified

bank which is a party to the merger, and fifty thousand dollars for each bank not

a qualified bank, which is a party to the merger. B. When any party to a merger shall have been organized after the effective date of

this act, the capital stock and surplus of the receiving bank after merger shall at

least equal the sum of the following: (1) the minimum capital stock and surplus required of a bank on its establishment

at the location to be occupied by the principal office of the receiving bank after

the effective date of the merger, as such minimum is specified in section 4, 2 and (2) an amount equal to such minimum capital stock and surplus so specified in section

4, for each branch office to be maintained by the receiving bank after the effective

date of the merger. 1

See N.J.S.A. § 17:9A-343. 2

N.J.S.A. § 17:9A-4.